According to a filing in the U.S. District Court for the Southern District of New York, some of the charges against Sam Bankman-Fried (SBF), the former CEO of FTX, may be dropped if the Bahamas government objects to them. The filing was made in response to a defense motion to dismiss certain charges on the grounds that they were not included in the original indictment or the extradition treaty. Prosecutors argue that the treaty does not prevent the U.S. from adding charges after extradition as long as the extraditing country consents. They are currently seeking a specialty waiver from the Bahamas for three of the charges, and if the waiver is not granted, those charges will not be pursued. The charges in question include bank fraud, operating an unlicensed money transmitter service, and violating the Foreign Corrupt Practices Act. The remaining charge of making illegal campaign contributions does not require a waiver, according to the prosecutors. A hearing on the motion to dismiss is scheduled for June 15. Bankman-Fried, who is the founder of FTX, has maintained that the collapse of the exchange was due to management mistakes rather than fraud.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
